{"id":236,"date":"2016-08-05T12:52:34","date_gmt":"2016-08-05T12:52:34","guid":{"rendered":"http:\/\/greattelangaana.com\/english\/?p=236"},"modified":"2016-08-05T12:52:34","modified_gmt":"2016-08-05T12:52:34","slug":"ril-for-10000-crore","status":"publish","type":"post","link":"https:\/\/greattelangaana.com\/english\/ril-for-10000-crore\/","title":{"rendered":"RIL for 10000 Crore\u00a0"},"content":{"rendered":"<p>Reliance Industries (RIL) plans to raise Rs.10,000 crore by issuing privately-placed redeemable non-convertible debentures.The company has sought shareholders\u2019 approval at the 42nd annual general meeting scheduled for <span class=\"aBn\"><span class=\"aQJ\">September 1, 2016<\/span><\/span>.<\/p>\n<p>In a letter to shareholders, RIL chairman Mukesh Ambani, who capped his salary to Rs.15 crore for the eighth consecutive year said: \u201cWe have invested over Rs.112,000 crore ($17 billion) in FY 2015-16, the highest-ever by any corporate in Indian history.\u201d<\/p>\n<p>During the year, RIL and its subsidiaries tied-up long-term foreign currency facilities of about $6.3 billion. \u201cWith its unparalleled access to global debt markets, Reliance successfully re-priced and re-financed debt instruments thereby reducing interest cost.<\/p>\n<p>\u201cThis year we concluded the largest financing transaction globally in the telecom sector supported by K-sure. This was also the longest tenure telecom financing supported by K-sure,\u201d Mr. Ambani said.<\/p>\n<div>\u00a0Domestic gas production from its KG basin block has declined. But the company is upbeat with Centre\u2019s new gas pricing policy which provides marketing and pricing leeway for production from discoveries in deep water, ultra-deep water and high-pressure high-temperature areas.<\/div>\n<p>\u201cBoth Reliance and its partner BP are evaluating the new policy and investment plans to develop discovered resources,\u201d Mr. Ambani. With RIL\u2019s biggest capex cycle nearing completion, fruits of more than $35 billion investments are expected in FY 2016-17, according to RIL\u2019s annual report to its shareholders.<\/p>\n<p>On Reliance Retail, Ambani said: \u201cWith over Rs.20,000 crore of revenue, it is India\u2019s largest retailer and has sustained a growth rate of 29% CAGR in the last five years.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL) plans to raise Rs.10,000 crore by issuing privately-placed redeemable non-convertible debentures.The company has sought shareholders\u2019 approval at the 42nd annual general meeting scheduled for September 1, 2016. In a letter to shareholders, RIL chairman Mukesh Ambani, who capped his salary to Rs.15 crore for the eighth consecutive year said: \u201cWe have invested [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[234,237,236,233,235],"class_list":["post-236","post","type-post","status-publish","format-standard","category-top-stories","tag-debentures","tag-letter","tag-mukesh-ambani","tag-reliance-industries","tag-shareholders"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=236"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/236\/revisions"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}